Shares of Goosehead Insurance Inc (NASDAQ:GSHD) have been assigned an average broker rating score of 1.50 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.
Brokers have set a 12 month consensus price objective of $27.33 for the company and are predicting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Goosehead Insurance an industry rank of 84 out of 255 based on the ratings given to related companies.
GSHD has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Goosehead Insurance in a research note on Tuesday, May 22nd. They set an “overweight” rating and a $20.00 price objective on the stock. Zacks Investment Research raised shares of Goosehead Insurance from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, July 25th. Keefe, Bruyette & Woods assumed coverage on shares of Goosehead Insurance in a report on Tuesday, May 22nd. They issued a “buy” rating and a $20.00 target price for the company. Bank of America assumed coverage on shares of Goosehead Insurance in a report on Tuesday, May 22nd. They issued a “buy” rating and a $19.00 target price for the company. Finally, William Blair assumed coverage on shares of Goosehead Insurance in a report on Wednesday, May 23rd. They issued an “outperform” rating for the company.
NASDAQ:GSHD traded up $1.24 during mid-day trading on Tuesday, hitting $27.25. 58,983 shares of the company’s stock were exchanged, compared to its average volume of 133,672. Goosehead Insurance has a one year low of $10.78 and a one year high of $29.73.
Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.74). The company had revenue of $14.79 million for the quarter, compared to analyst estimates of $13.80 million. research analysts anticipate that Goosehead Insurance will post 0.27 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC purchased a new position in Goosehead Insurance in the second quarter worth about $55,822,000. Jennison Associates LLC purchased a new position in Goosehead Insurance in the second quarter worth about $20,355,000. BlackRock Inc. purchased a new position in Goosehead Insurance in the second quarter worth about $12,772,000. American Century Companies Inc. purchased a new position in Goosehead Insurance in the second quarter worth about $5,753,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Goosehead Insurance in the second quarter worth about $5,297,000. 18.21% of the stock is owned by institutional investors and hedge funds.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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